New Cheque Standards! Effective July 1st, 2007 What do you need to know? Canadian Payments Association

The banks and software companies are actively trying to STEAL your customers. Seize The Opportunity! If you dont, others will…

How do you protect your customer base? Educate yourself and your staff Educate your customer Be Proactive - dont wait for them to call you.

Why did the standards change? The cheque face and back will now be digitally scanned by the clearing houses Cheques will no longer be physically transferred between banks or returned to clients To allow for the scanning process, CPA mandated Areas of Interest must meet certain standards Pay To Information Field 2.Numeric Date Field 3.Amount Field - Written/Numerical 4.MICR Numbering - Consecutive/Static 5.Signature(s) 6.Backprinting 6

Whats Changed? No printing in 5/8 MICR band

Adoption of numeric date field July 15, 2007 = or or Whats Changed?

No printing in 5/8 MICR band Adoption of numeric date field A printed $ symbol must appear - (Pre-printed or software driven)

Whats Changed? No printing in 5/8 MICR band Adoption of numeric date field A printed $ symbol must appear - (Pre-printed or software driven) Mandatory MICR consecutive numbering

Whats Changed? No printing in 5/8 MICR band Adoption of numeric date field A printed $ symbol must appear - (Pre-printed or software driven) Mandatory MICR consecutive numbering Standardized positions for key information

Whats Changed? Security features not to interfere with Areas of Interest

Whats Changed? Security features not to interfere with Areas of Interest Standardized back print Teller Stamp Here BACK/ENDOS Endorsement - Signature or Stamp WARNING: Absence of one or more of the following Security Features may indicate alteration. Warning Band - Notifies document handlers that security features are present. Watermark - Distinctive pattern in the paper. Hold up to light source to view. Fibres - Visible only under black light Microline Printing - Tiny type in border that cant be read if scanned or copied. Attempts to chemically alter this document will activate a chemical reaction that appears as a stain in the paper. Paper has TonerFuse that bonds dry toner to the paper fibres making alteration by scraping or tape very difficult.

Whats Changed? Security features not to interfere with Areas of Interest Standardized back print Print contrast signal in Areas of Interest must meet acceptable levels of compliance

What do you need to do? Ask your customer if theyre aware of the new standards If not, use the customer friendly presentation on our website to educate them Ask your customer what software they are using for accounts payable? Quickbooks or Simply Accounting Other off the shelf software Custom software

The Factor Support Team Use our RDM Scanner to check print contrast signal compliance Same system/software used by the banks Customer Friendly presentation on Factors website PowerPoint or PDF file format Send us your logo and well personalize the file and it back to you Customer Friendly marketing pieces available

Thank You